Bad loans of state-run banks are Rs 1.43 lakh crore as of September

NEW DELHI: Bad loans of public sector banks stood at 1.43 lakh crore as of September, 2012, Parliament was informed today.

Non-performing assets were Rs 1.12 lakh crore as of March 31, 2012, 2012, Minister of State for Finance Namo Narain Meena told the Rajya Sabha in a written reply.

"The gross non-performing assets (NPAs) of public sector banks (PSBs) was Rs 1,12,489 crore as at end March, 2012 and Rs 1,43,765 crore as at end September, 2012," he said.

"The gross NPAs of State Bank of India was 33 per cent and 31.9 per cent of the GNPAs of PSBs as at end of March, 2012 and September, 2012 respectively," he added.

Overall, 16 out of 30 Sensex-based scrips closed in the green while others finished in the red.

Among sectoral indices, the BSE-Consumer Goods rose by 1.07 per cent and BSE-IT by 0.85 per cent while BSE-Oil&Gas eased by 0.49 per cent.

"Renewed buying was seen in select banking stocks like HDFC bank and SBIN on hopes of Banking Bill being passed in the current Parliament session," Nidhi Sarswat, Sr Research Analyst, Bonanza Portfolio, said.

"The no confidence motion, as expected, has been rejected. LIC is allowed to raise stake to 30 per cent in companies from 10 per cent which will help address the key concern of fiscal deficit. This being the single largest factor along with indirect revenue targets exceeding, seems good for the market," Kishor P Ostwal, CMD, CNI Research said.

Engineering major L&T moved up by 1.72 per cent, Infosys by 1.55 per cent, M&M by 1.21 per cent and Sterlite Ind 1.09 per cent. Wipro gained 1.08 per cent, NTPC 1.05 per cent and HDFC Bank 1.03 per cent.